Mouwasat approves 25% dividend for FY16

25/04/2017 Argaam

Mouwasat Medical Services Co.’s shareholders approved on Monday a 25 percent cash dividend to be issued at the rate of SAR 2.50 per share for fiscal year 2016.

 

In addition, the extraordinary general assembly approved a remuneration of SAR 200,000 for each board member for the period.

 

Shareholders also approved the board of directors’ recommendation to appoint Ernst & Young as statutory auditors for fiscal year 2017.

 

Cash Dividend Details (FY16)

Current Capital

SAR 500 mln

Number of shares

50 mln

Cash dividend

SAR 125 mln

Percent capital

25% (SAR 2.50/share)

Record date

April 26

Payment day

May 7

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